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CONTACT TUCKER VEACH | FREE CONSULTATIONS

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828-277-6001

tucker@jbveachlaw.com

NATIONWIDE SERVICE:

  • Broker Misconduct
  • Securities Fraud
  • FINRA Arbitrations
  • Fraud Investigations
  • Class Action Suits

BY APPOINTMENT FROM
ASHEVILLE, NORTH CAROLINA

The Bear Market & Your Portfolio

Risk-Free, Contingency-Based Legal Representation.
Free Consultations!

Was your investment portfolio suitable for a BEAR market?

The stock market goes up and it goes down. It can be very painful when it goes down like this market has, but it IS what markets do.  Most investment advisors in this country will have suitably (appropriately) positioned their clients’ portfolios, taking into consideration such things as the client’s age and financial circumstances, assets (retirement accounts, other investments), whether the client is retired or working, and the client’s yearly earnings.  If your adviser did this, then the advisor and his or her firm have acted properly and appropriately, and you simply need to weather through this storm.

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Some brokers, however, do NOT suitably position their clients’ investments.  It IS unsuitable for brokers to position the investment portfolios of older individuals in risky investments, particularly those who are retired and/or unable to work and count on their investments to sustain them.  Those individuals should not be seeing their investment accounts going down at the same rate as the overall market notwithstanding anything the broker says.

There a lot of variables to consider when assessing whether an investment portfolio was unsuitable.  For example, strong, proven, good dividend-paying companies are entirely appropriate for many portfolios of older investors, and yet many of those companies’ stocks have gone down dramatically with this Bear market.  A good example is Exxon Oil Company. Exxon is one of the strongest oil companies in the world, and Exxon stock has been held by thousands and thousands of mutual funds and retirement accounts for decades. Exxon stock has been particularly hard hit by the double whammy of the sharp decrease in oil prices (thanks in part to the gamesmanship between Russia and Saudi Arabia) and COVID-19.  But Exxon, like many of the other strong dividend-paying companies, will likely continue to pay the same dividend and will recover.  

Things to look out for in your investment portfolio 

  • Risky stocks: Have too many of the stocks in your account gone down more than the overall market
  • Overconcentration: Are lots of your stocks in one sector of the market?  For example, are a large percentage of the investments in your account in technology stocks, or transportation stocks, or hotel or restaurant stocks, oil and natural gas stocks, etc.?
  • Junk bonds: Junk bonds are typically issued by companies that are riskier than other companies and they typically have higher yields.  In uncertain markets they can lose their value dramatically. There are obviously many other factors to consider.

We need to emphasize that the vast majority of advisers position their clients’ investment portfolios suitably, appropriately.  Therefore, for the vast majority of investors, this dramatic decline in the market is simply something that happens from time to time.

If, however, you are concerned that something is not appropriate about your investments, we will examine your portfolio for you at no charge.

My Qualifications and Activities

I hold a Bachelor of Arts in Economics from Yale in 1975, and my law degree from Georgetown University School of Law in 1983. I attended the Hotchkiss School for high  school, after which I spent a year at Malvern College in England as an English Speaking Union Scholar.  I am licensed to practice law in Texas, the District of Columbia, Tennessee, and North Carolina, as well as being admitted to represent clients before FINRA in SEC regulated arbitration nationwide.

Experienced. Respected. Qualified.

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Small firm appeal. Large firm privilege.

Success History

Fraudulent Leasing Program

Represented 375 investors in state and federal actions relating to a fraudulent leasing program, collecting over $7 million for the investors.

Class Action

Represented investor class in class action against a major law firm, collecting over $2.5 million.

Ponzi Schemes

Represented 60 individuals in an insurance Ponzi scheme and obtained a $9.5 million jury verdict.

Fraudulent Investment Offerings

Represented 47 individuals against a major Life Insurance company regarding a fraudulent investment offering, collecting over $5 million for the investors.

Premature Termination of Fund

Represented investor class in class action against mutual fund family regarding premature termination of a fund, collecting over $3 million for the investors.

Hundreds Represented

Represented hundreds of individuals in arbitration and court proceedings relating to investments, collecting over $30 million dollars for the investors.

Corporate SEC Investigations

Represented “Inc. 100” corporation in SEC investigation, threatened delisting by the NASDAQ and class action securities litigation.

Officer SEC Investigation

Represented former Chief Operating Officer of major corporation and his family in an investigation by the SEC.

SEC Investigations and International Corporations

Represented Canadian corporation in SEC investigation, threatened delisting by the American Stock Exchange and application to the NASDAQ Stock Market, Inc.

FDIC Representation

Represented the Federal Deposit Insurance Corporation connected with the failure of a savings and loan associations, resulting in multimillion dollar judgments against culpable officers and directors. 

FDIC Investigations

Conducted an extensive investigation of potential securities law violations in connection with the operation by a brokerage firm of a “covered call” options program for the savings and loan association.

Sale Contests

Represented a Fortune 100 company in an action contesting the sale of three $200 million vessels; the action proceeded simultaneously in administrative and judicial forums to a very successful negotiated settlement.

Government Agency Contracts

Litigated numerous cases involving contracts with government agencies, including several cases before the General Services Board of Contract Appeals.

Inventor IP

Represented the inventor of drug compounds that have received national attention in contract negotiations with the inventor’s research hospital and with pharmaceutical companies interested in obtaining licenses for the compounds.

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